Is it rude to ask your annual income?

[dontcomeatme]

I am always gobsmacked and a little in awe whenever a thread gets onto the topic of money. Posters often stating they have an annual income of 100k+, but still struggling with finances for example. I am really interested to see if this is a demographic thing, so same job = totally different salary depending on location. Which I understand would then be reflected in the cost of living for the area.
But if any MNers feel comfortable I wanted to start a thread where everyone could state their

• individual annual income + job title
• the house as a whole annual income if different
• plus where you live.

No one is obligated so if you dont want to absolutely fine. This is more out of my own curiosity than anything!

Ours -

• OH annual salary before tax £37k, head of year in a comprehensive
• I am SAHM so just CB coming in which we put aside for 2 DC
• North East of England.

We live quite comfortably, just bought a home, save for both DC and a rainy day fund, able to do stuff with DC every weekend and holidays (in the uk) every year, no debt other than mortgage.

Unfortunately I think I earn too much!

Depressing as it sounds £120k household income does not stretch as far as you’d think in the SE. Actually month by month can sometimes be a struggle. A big struggle. 5 years ago it meant holidays abroad, treats, luxuries and not thinking about what we spent, now it means paying the mortgage and everyday bills (fortunately) but struggling with service/MOT or unexpected bills - not looking at you washing machine 😡

• individual annual income + job title £28000 part time teacher.
• the house as a whole annual income if different* £90k

plus where you live. SE

More than your average number of kids to get through university, but mortgage paid off, so doing ok at the moment.

Excellent point! Can easily add another 15% on top.

34k before tax. Teacher but work 4 days.
DP on similar. Mortgage, house on south coast so pricey! 2 DC. Feels like we are scraping by most months as by the time you factor in extras such as Christmas/birthdays/a weekend away/annual MOT we haven’t anything left!!

100% ! We pay for our 2YO to attend one session a week just for my sanity and his social interactions, he loves it. But that's still over £200 per month for ONE session a week. Absolutely ridiculous. I can't imagine working full time and paying the fees 😬 not worth it for us at the moment.

Single household, no kids, working in NHS admin. I earn approx £30,200 before tax, NI etc. I live in Scotland.

When I divorced my ex we worked out a fair price for him to buy me out of the house, which I used as a deposit on my flat, meaning I ended up with a pretty low interest rate. I overpay it by £100 a month, and usually manage to put a few hundred in savings each month.

Show me how I haven't? You said these people say they manage on £25k but get much more in benefits to the equivalent of £50k. I am saying that if you earn that much you aren't entitled to many of those things. Which on UC you aren't.

Dh income 61k engineer
me income 22k librarian

usually save 400-800 per month which gets used on holidays/car/one off expenses/ birthdays/ Christmas.
have around 15k in savings(combination of inheritance and monthly saving)

Me = £102k, but I pay £35k into my pension.
Wife = £22k for two days a week + £20k rental income.

Mortgage is £2600 a month.

I think it's absolutely insane that only 4hrs difference in the same country can result in such drastic differences, we are such a small island it's crazy.

OP:
I find all these conversations about money really interesting. Can you all just tell me:
Name
Full Address
Bank details
Mothers maiden name
Name of first pet
Name of childhood best friend.

Thanks.

😲 our mortgage is under £400 for a very large 3 bedroom. Lots of land especially in the back. This blows my mind. Where do you live?

I earn £50k, teacher.

Combined household income of £80k

We feel comfortable, but not able to save loads. We save in a fairly

That's my next thread 😅

My own pension is about 19k before tax. I inherited about 4k of my late husband's pension.

My house is paid off, council tax is less than 200 a month. I'm paying about 50 a month for a lock-up that DH rented: I need to clear it out and get rid of it.

I have enough to live on, but I'm a bit anxious because I have house repairs that I need to pay for and they might clean out my savings.

I did have a good wage of 40+ a year, but had to retire two years early because of DH's health and had one yr before that on only a 4 dy wk, so my pension and lump sum took a hit. If not for that, I would have been comfortable.

I know that I'm better off than many.

Household income: circa £350-£450k dependant on the year. I realise that I only know my own income and have had to guess at DHs. Will make sure I ask him tonight.

Jobs: tech and own business

Housing: small mortgage that we could pay off if needed

South East: DH works in London

Fairly short term way, e.g. we save then do up the bathroom, or take a big holiday. No big long term savings beyond our pensions.

Will be mortgage free in about 15y

I live in the SE and would say 90% of our friends earn significantly more than us.

me: FT charity worker £28k
dh: small business owner £35k

3 teenagers and a dog so fairly high living costs but relatively small mortgage thanks to getting on the property ladder 25 years ago. we benefitted from big house price rises & low lending costs so went from £120k 2 bed terrace to £450k 3 bed semi now £650k 4 bed semi with 6 years left on our mortgage. Minimal pension or savings but we manage an annual holiday abroad (albeit pretty basic) and don’t have much other debt bar the odd overdraft or occasionally big purchase on cc.

I’m shocked at how poorly teachers are paid.

I earn just over 70k. Manager in local govt chartered professional role. Husband earns £100k. He’s a manager in a technical comms job.

We live in SE. We have 2k left on mortgage. Not sure why we’ve not paid it off.

3 bedroom 1930's semi in Zone 4, South London.

Purchase price was £550k for a rundown hovel in 2017.

Yep - there was a poster on here not too long ago berating somebody else who was struggling to bring up three children in the south east on a household income of £50k before tax. Entitled to CB and nothing else.

This poster was saying that she had an income of £12k per year and struggled to spend it. Then it emerged she lived free of charge with family, so that whole £12k (which was obviously not taxed) was just discretionary spending for one person, whereas the person she was berating for being an overprivileged spendthrift had to support five people, and pay for rent, utilities, food and clothing for all of them out of about £8k per head. She wouldn’t have it though.

My day rate is £700, normally work 220 days ish a year but no sick pay, no holiday pay, no job security. Other half earns around 30k.

We're in the Midlands, mortgage is <£300 without overpayments, so we're very comfortable. I struggle with big expenditure though as I'm conscious of the fact that I might be out of work at any time, so our lifestyle probably doesn't look like it matches our household income.

SE (a particularly expensive bit)

My salary £48k as a PA
DH approx £250k

We save/pension far more of our income than most local friends judging by rare conversations had about finances so live less extravagantly- far fewer ‘nice’ holidays, home improvements, posh cars, designer stuff (we have zero posh cars or designer stuff actually), rarely eat out. Both from working class backgrounds so not used to money and want to set the kids up for the future.

1. i earn £0. I am a sahm. Used to earn £35k pre second child.
2. household income £120k + bonus (around £15k) all dh
3. south London

obviously no tax free childcare or 30 hours etc. dc1 gets 15 hours a week at a preschool, I have 2 babies at home with me full time as well as the eldest all other days.

it might sound like a large household income but it doesn’t go far, we aren’t rich